Tax Cuts and Jobs Act of 2017: What Taxpayers Need to Know

Posted by Lauren Robbins on Thu, 01/04/2018 - 13:38

On December 22, 2017, the President signed the Tax Cuts and Jobs Act of 2017 (the act or TCJA). The legislation makes significant changes to the Internal Revenue Code (IRC), including individual, corporate, and gift and estate taxation.

Individual income tax changes

Although the act maintains seven tax brackets, these brackets will change.

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